Kerala Pravasi: Essential Guide for Overseas Indians

Welcome to our comprehensive guide on the Kerala Pravasi Pension Scheme, designed to provide essential information for overseas Indians. As a non-resident Keralite, it’s important to stay informed about the benefits and features available to you through the Kerala Pravasi Welfare Board.

The Kerala Pravasi Pension Scheme aims to offer stable post-retirement financial benefits to NRKs engaged in occupations abroad or in other parts of India. By enrolling with the Kerala Pravasi Welfare Board and making monthly contributions, you can secure a reliable source of income during your retirement years.

Read on to discover the eligibility criteria, application procedure, and key features of the Kerala Pravasi Pension Scheme. Whether you are currently employed abroad or have returned to India after an extended period, this guide will serve as a valuable resource to navigate the process and ensure your financial well-being in the future.

Key Takeaways:

• The Kerala Pravasi Pension Scheme offers financial benefits for non-resident Keralites (NRKs) engaged in occupations abroad or within India.
• Enrollment with the Kerala Pravasi Welfare Board and monthly contributions are essential to secure post-retirement income.
• NRKs between the ages of 19 to 60 are eligible to enroll and receive the Pravasi Pension amount.
• The scheme provides various pension plans, including family pension, medical assistance, and pension plans for invalids.
• By meeting the minimum contribution period of 5 years, members can receive additional benefits and safeguards.

Features and Benefits of the Kerala Pravasi Pension Scheme

The Kerala Pravasi Pension Scheme offers several features and benefits to its eligible members. By registering with the Kerala Pravasi Welfare Board and making monthly contributions to the Pravasi Welfare Fund, individuals can secure their financial future. Let’s explore some of the key features and benefits of this scheme:

1. Monthly Pravasi Pension

Upon reaching the age of 60, contributing members of the Kerala Pravasi Pension Scheme are entitled to a minimum monthly pension amount of ₹2000. This provides them with a stable income source, ensuring a comfortable retirement.

2. Additional Increment

Members who contribute for more than 5 consecutive years will receive an additional 3% of the minimum Pravasi Pension amount every year. This increment rewards long-term commitment and helps in combating inflation, ensuring that the pension amount maintains its value over time.

3. Pension Plans for Invalids

The Kerala Pravasi Pension Scheme also caters to the needs of individuals who are unable to work due to medical reasons. Invalid members can avail themselves of the pension plans specifically designed to provide financial support during challenging times.

4. Family Pension Plans

In the unfortunate event of the member’s demise, the scheme offers family pension plans to ensure financial stability for the member’s dependents. This benefit provides peace of mind, knowing that loved ones will be taken care of.

5. Medical Assistance

Recognizing the importance of healthcare, the Kerala Pravasi Pension Scheme extends its support to members by offering medical assistance. This can help members manage their medical expenses and access necessary healthcare services.

It’s important to note that the minimum contribution period for the Kerala Pravasi Pension Scheme is 5 years. Failure to contribute for an entire year will result in membership cancellation. Additionally, central and state government employees are not eligible for this scheme.

Overall, the Kerala Pravasi Pension Scheme provides a range of valuable features and benefits to its eligible members, ensuring financial security during retirement and offering support during challenging times. Enrolling in this scheme is a wise investment in the future for Non-Resident Keralites, providing them with peace of mind and the assurance of a comfortable retirement.

Eligibility and Application Procedure for Kerala Pravasi Pension Scheme

If you are a Non-Resident Keralite between the ages of 19 to 60, you are eligible to enroll with the Kerala Pravasi Welfare Board for the Pravasi Pension scheme. Whether you are employed abroad, have permanently returned to India after at least two years of foreign employment, or work outside Kerala but within the geographical limits of India, you can benefit from this scheme.

Applying for the Kerala Pravasi Pension Scheme is a straightforward process. To get started, you need to select the appropriate registration form based on your category. Next, provide all the relevant information and details as prompted. Finally, submit attested soft copies of the necessary documents through the official website of the Kerala Pravasi Welfare Board.

By following these simple steps, you can secure your financial future with the Kerala Pravasi Pension Scheme.

Conclusion

The Kerala Pravasi Pension Scheme is a valuable financial benefit for overseas Indians, specifically Non-Resident Keralites (NRKs), who are engaged in employment abroad or in other parts of India. By enrolling with the Kerala Pravasi Welfare Board and contributing to the Pravasi Welfare Fund on a monthly basis, NRKs can secure a stable post-retirement income.

One of the key advantages of the scheme is its diverse range of pension plans, providing flexibility and tailored benefits to eligible members. In addition to the regular Pravasi Pension, NRKs can also avail themselves of family pension plans, financial assistance for medical aid, marriage, and maternity expenses, further enhancing their overall welfare and support system.

The Kerala Pravasi Pension Scheme is actively overseen by the Kerala Pravasi Welfare Board, established by the government of Kerala. The board ensures the efficient management and distribution of the pension benefits, ensuring the welfare of overseas Indians from Kerala is prioritized and protected.

Overall, the Kerala Pravasi Pension Scheme serves as a crucial initiative for the welfare of overseas Indians, providing them with financial security and support during their retirement years. It is an essential resource for NRKs, offering peace of mind and stability in an increasingly global and dynamic world.